Geoff Banks are a bookmaker that are not necessarily famous for their special offers, though one promotion they are currently listing on the site is Best Odds Guaranteed on selected horse racing, including all board prices for races in the UK, Ireland and Dubai. Online bettors like this offer due to the fact that it is simple to claim and can potentially add a lot of value.
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If you are unfamiliar with Best Odds Guaranteed, it means that if you have taken a price on a horse in a relevant race and the Starting Price (SP) drifts to bigger odds, Geoff Banks will pay you at the bigger price. Whichever price is bigger between the price you took when placing the bet and the Starting Price, that’s what you will be paid out at should the horse win. To show how the offer works, if you were to bet £20 on Chaplin Bay to win a race at Ayr with odds of 8.00 and it came through, the returns would be £160. If however, the Starting Price had drifted to 8.50, the returns would instead be £170. This gives you an extra £10 in your pocket thanks to Best Odds Guaranteed.
The offer only applies to single bets, and although Best Odds Guaranteed is not available in all horse racing events, they state that most are covered. When an event does qualify, the site will show it by highlighting odds in light blue, a reminder when the mouse is hovering over an event and in the title of the race. The offer covers all wagers up to a £200 win bet or a £200 each way bet. All board prices for races in the UK, Ireland and Dubai qualify for the offer.
From a matched betting perspective, if you had a free bet available we could use this to potentially add to profits, in the event of a win at the bookmaker. At the time of writing, the only free bet opportunity is a £50 free bet when placing 50 £10 bets via the mobile app. If we were to use this, we could add extra value. For example, placing this on Psychedelic Rock to win with odds of 5.0 and laid £36.70 on the exchange at odds of 5.5, a win for the horse would give you a £34.85 profit. If the SP drifted to 5.5, the profit increases to £59.85, an additional £25 in your account on top of the expected profit if it goes your way.
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